Trade.com Review

Based on checking the website, Trade.com appears to be an online trading platform offering a variety of financial instruments, including CFDs, shares, ETFs, IPOs, and spread betting.

While the platform boasts multiple regulatory licenses, including CySEC, UK FCA, and FINRA, and provides a range of trading tools and educational resources, the nature of its offerings, particularly leveraged CFDs and spread betting, aligns with speculative financial activities that involve significant risk.

From an ethical standpoint, particularly in Islamic finance, the core business model of Trade.com—facilitating leveraged trading and interest-based transactions implied through typical brokerage operations—is problematic due to its involvement in Riba interest and Gharar excessive uncertainty or speculation. The “Challenges” feature, while seemingly educational, explicitly states that services provided by TPlus are “not regulated” and are “simulated trading services and educational tools,” which raises concerns about the potential for misinterpretation or an eventual transition to real, unregulated trading.

Here’s an overall review summary:

• Platform Focus: Online trading of CFDs, Shares, ETFs, IPOs, and Spread Betting.
• Regulatory Status: Regulated by multiple authorities including CySEC, UK FCA, Spain CNMV, South Africa FSCA, FINRA, Italy Consob, and Mauritius FSC.
• Key Offerings:
  • CFDs: Over 2,100+ leveraged assets for long/short trading.
  • ETFs: Investment in managed funds via CFDs on ETFs.
  • IPOs: Access to late-stage companies via private secondary market allocations.
  • Shares: Direct access via their platform.
  • Spread Betting: Tax-free gains with superior technology for regulated markets.
  • PAMM: Percentage Allocation Management Module for investors/managers.
  • Challenges: Simulated trading and educational tools unregulated by TPlus Technologies Limited.
• Technological Features: MetaTrader 5, MacOS, WebTrader platforms, Strategy Hub, Economic Calendar, Trading View, Trading Central.
• Ethical Consideration Islamic Finance: The platform’s primary offerings, especially CFDs and spread betting, involve elements of Riba interest, often embedded in overnight financing for leveraged positions and Gharar excessive speculation and uncertainty, which are generally impermissible in Islamic finance. While they offer shares and ETFs, the underlying mechanism often involves leveraged trading which remains an issue. The “Challenges” section clearly states it is unregulated, which introduces an additional layer of risk and lack of oversight.

Given these considerations, particularly the pervasive presence of leveraged trading, CFDs, and spread betting, the platform’s offerings are not recommended for those adhering to Islamic financial principles.

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The inherent speculative nature and the potential for interest-based transactions make it unsuitable.

Instead of engaging in speculative trading, consider building wealth through tangible, ethical investments.

Here are some excellent alternatives that align with ethical principles:

• Real Estate Investment Trusts REITs:
  • Key Features: Allows investors to own shares in portfolios of income-generating real estate. Provides diversification without direct property management.
  • Average Price: Varies per share, often accessible with small investments.
  • Pros: Regular dividend income, potential for capital appreciation, liquidity traded on exchanges.
  • Cons: Subject to real estate market fluctuations, dividends are taxable as ordinary income.
• Gold Bullion:
  • Key Features: Physical gold bars or coins. A historical store of value and hedge against inflation.
  • Price: Market price of gold per ounce/gram.
  • Pros: Tangible asset, universally recognized, inflation hedge, no counterparty risk if held physically.
  • Cons: Storage costs and security concerns for physical gold, no income generation, price can be volatile.
• Silver Bullion:
  • Key Features: Physical silver bars or coins. Often considered industrial gold, with high demand in technology.
  • Price: Market price of silver per ounce/gram.
  • Pros: More affordable than gold, industrial demand can drive prices, inflation hedge.
  • Cons: More volatile than gold, storage considerations, no income generation.
• Ethical Investment Funds Screened for Halal Compliance:
  • Key Features: Mutual funds or ETFs that invest in companies adhering to specific ethical guidelines, including Islamic finance principles no alcohol, gambling, interest, etc..
  • Price: Varies per fund. typically requires minimum investment or can be bought through brokerage accounts.
  • Pros: Diversification, professional management, aligns with ethical values, potential for long-term growth.
  • Cons: Management fees, limited investment universe, performance may trail conventional funds though often not significantly.
• Sustainable Agriculture Investments:
  • Key Features: Investments in farms or agricultural projects focused on sustainable and ethical food production. Can involve direct ownership, crowdfunding, or specialized funds.
  • Average Price: Highly variable depending on the investment model.
  • Pros: Supports real economy, tangible asset, potential for stable returns, aligns with ethical consumption.
  • Cons: Illiquidity, subject to environmental and market risks, requires due diligence.
• Small Business Equity Crowdfunding Ethical Ventures:
  • Key Features: Investing directly in the equity of small businesses, often through online platforms that vet companies for ethical practices. Focus on real products and services.
  • Average Price: Can start from as low as $100-$500 per investment.
  • Pros: Direct impact, potential for high returns if successful, supports local economies.
  • Cons: High risk of loss, illiquidity, requires thorough research on individual businesses.
• Digital Art and NFTs Ethical & Non-Gambling Related:
  • Key Features: Ownership of unique digital assets authenticated on a blockchain, such as art, collectibles, or utility tokens, provided they don’t involve speculation or gambling.
  • Price: Highly variable, from a few dollars to millions.
  • Pros: Unique ownership, potential for value appreciation, supports digital artists.
  • Cons: Market volatility, illiquidity, requires careful selection to ensure ethical alignment and avoid speculative bubbles. Focus on utility or artistic value, not quick profits.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Trade.com Review & First Look

Based on a thorough review of the Trade.com website, it presents itself as a comprehensive online trading platform, a “multi-asset brokerage” aimed at providing diverse investment opportunities.

The platform highlights its offerings in various financial instruments, including Contracts for Difference CFDs, Shares, Exchange Traded Funds ETFs, and Initial Public Offerings IPOs. The immediate impression is one of sophistication and broad market access.

They prominently display their regulatory licenses from multiple global authorities, aiming to instill confidence and trust in potential users.

However, a deeper dive reveals that the core of their offerings, particularly CFDs and Spread Betting, are inherently speculative and often involve elements that are not permissible under Islamic financial guidelines, specifically Riba interest and Gharar excessive uncertainty.

The website emphasizes “superior technology” and “long/short the market,” terms that signify leveraged trading, a mechanism that amplifies both potential gains and losses. Dutchies.com Review

While they offer over 2,100+ instruments, the underlying structure of many of these, when accessed via CFDs, carries the aforementioned ethical red flags.

The “Challenges” section is particularly noteworthy, as it explicitly states that these are “simulated trading services and educational tools” provided by TPlus Technologies Limited, an “unregulated” entity.

This distinction is crucial, as it suggests a separate, unregulated pathway for users, potentially leading them from regulated services to riskier, unsupervised activities.

The overall presentation, while professional, clearly directs users towards high-risk, speculative financial products.

Understanding the Trade.com Model

Trade.com operates on a brokerage model, connecting traders to financial markets. Samebike.com Review

Their primary value proposition is offering a wide array of assets through a single platform, with a focus on ease of access for both novice and experienced investors.

The emphasis on “powerful trading” and “harness market movements” positions them as a tool for active traders seeking to capitalize on market fluctuations.

• Diverse Asset Offerings: The platform’s breadth of assets, including CFDs on various underlying instruments like shares, commodities, indices, and even cryptocurrencies, is a key selling point.
• Leverage: The mention of “leveraged assets” is central to their CFD offering. Leverage allows traders to control a larger position with a smaller amount of capital, magnifying returns but also losses. For instance, a 1:30 leverage means a $1,000 deposit can control a $30,000 position.
• Global Reach: The multiple regulatory bodies they claim to be licensed by CySEC, UK FCA, FINRA, etc. suggest a global operational footprint, aiming to attract users from various jurisdictions.
• Educational Resources: They mention a “Strategy Hub” with “tools and strategy articles,” indicating an effort to provide educational content for traders, though the nature of this content often revolves around maximizing speculative gains.

The Problematic Nature of CFDs and Spread Betting

From an ethical perspective, especially within Islamic finance, CFDs and spread betting are problematic due to their nature.

• CFDs Contracts for Difference:
  • Nature: CFDs are agreements between a trader and a broker to exchange the difference in the price of an asset from the time the contract is opened until it is closed. You don’t own the underlying asset.
  • Riba Interest: Holding CFD positions overnight often incurs “overnight financing charges” or “rollover fees,” which are essentially interest payments. This constitutes Riba, which is strictly prohibited in Islam.
  • Gharar Excessive Uncertainty/Speculation: CFD trading is highly speculative. The focus is on short-term price movements and leverage, rather than ownership of tangible assets or participation in productive economic activity. The high leverage magnifies uncertainty and risk beyond acceptable levels.
• Spread Betting:
  • Nature: Similar to CFDs, spread betting involves betting on the direction of a financial asset’s price movement. The “spread” is the difference between the buy and sell price, and profits/losses are determined by how far the price moves from the spread.
  • Qimar Gambling: Spread betting is explicitly a form of gambling Qimar, as it involves speculating on future outcomes with money, where the outcome is uncertain and heavily reliant on chance, despite technical analysis. It lacks any productive economic contribution.
  • Tax Implications: While often marketed as “tax-free gains” in some jurisdictions like the UK because they are treated as gambling winnings, this does not negate their impermissibility in Islam.

Trade.com Pros & Cons Focus on Cons

When evaluating Trade.com, particularly from an ethical standpoint rooted in Islamic principles, the “cons” significantly outweigh any perceived “pros” that might appeal to a conventional investor.

While the platform boasts robust technology and wide market access, these advantages are overshadowed by the inherent nature of the financial instruments offered. Beamsrenovation.com Review

The Overwhelming Cons

The primary and most significant drawbacks of Trade.com stem directly from its core business model and the financial instruments it promotes.

• Involvement in Riba Interest: The pervasive use of leveraged CFDs means that holding positions overnight typically incurs financing charges. These charges are a form of interest Riba, which is strictly prohibited in Islam. Even if direct interest isn’t explicitly charged, the underlying leverage mechanism often facilitates interest-based borrowing or lending indirectly. A study by the Islamic Financial Services Board IFSB consistently highlights the challenges of reconciling conventional leveraged products with Sharia principles due to interest accrual.
• Promotion of Gharar Excessive Uncertainty/Speculation: CFD and spread betting are highly speculative activities. Traders are essentially betting on price movements without owning the underlying asset. This involves a significant degree of excessive uncertainty Gharar, which is forbidden in Islamic transactions. The intention behind such trades is often short-term profit through market volatility, rather than long-term investment in productive assets. According to a 2021 report by the Financial Conduct Authority FCA in the UK, 75% of retail clients lose money when trading CFDs with providers. This statistic alone underscores the inherent risk and uncertainty.
• Qimar Gambling Aspect: Spread betting, explicitly offered by Trade.com, is a direct form of Qimar, or gambling. It involves staking money on an uncertain outcome with the hope of gain, which is unequivocally prohibited in Islamic jurisprudence. The “tax-free gains” often associated with spread betting in some regions merely confirm its classification as gambling.
• Unregulated “Challenges” Feature: The “Challenges” section explicitly states that services provided by TPlus Technologies Limited are “not regulated” and offer “simulated trading services and educational tools.” While simulation itself isn’t inherently problematic, redirecting users from a regulated entity Trade Capital Markets to an unregulated one for “challenges” can create a false sense of security or lead users down a path where they eventually engage in real, unregulated trading, exposing them to significant risks without regulatory protection.
• Focus on Short-Term Gains Over Real Economy: The emphasis on “harness market movements” and “long/short the market” suggests a focus on short-term speculative trading rather than long-term, value-generating investments in the real economy. Islamic finance encourages investments that contribute to tangible economic growth and societal benefit.
• Complexity and High Risk: While Trade.com may present itself as user-friendly, leveraged trading is inherently complex and carries substantial risk. The website states that “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.” This is a standard disclaimer, but it serves as a stark warning about the potential for significant financial losses, even for experienced traders.

Perceived Pros from a conventional perspective, often problematic in Islam

For a conventional investor, some aspects might be seen as advantageous, but these are largely negated by the ethical concerns:

• Wide Range of Instruments: Access to 2,100+ assets, including CFDs on shares, indices, commodities, and forex, offers diversification for speculative trading.
• Multiple Platforms: Support for MetaTrader 5, WebTrader, and MacOS platforms caters to different trader preferences.
• Educational Resources: A “Strategy Hub” and various articles could provide insights into market analysis and trading strategies.
• Global Regulation: Being regulated by multiple reputable financial authorities CySEC, FCA, FINRA, etc. for their regulated services might offer a degree of investor protection against fraud or mismanagement though this doesn’t protect against the inherent risks of the products themselves.

However, these “pros” are primarily attractive to those seeking speculative gains through means that are not permissible in Islamic finance.

The existence of multiple platforms or a wide array of instruments does not negate the fundamental ethical issues with the products themselves.

Trade.com Alternatives

Given the ethical concerns associated with Trade.com’s offerings, particularly the elements of Riba, Gharar, and Qimar inherent in CFDs and spread betting, it is crucial to explore alternatives that align with Islamic financial principles. Eko.org Review

The focus shifts from speculative, interest-based trading to investments that are backed by tangible assets, share in real profits and losses, and contribute to the legitimate economy.

Here are seven ethical alternatives that cater to various investment goals without compromising Islamic values:

1. Halal Stock Investing

   

   • Key Features: Investing in publicly traded companies whose primary business activities and financial structures comply with Sharia law. This means avoiding companies involved in alcohol, gambling, conventional finance, pork, and entertainment with unethical content. Companies must also meet specific financial ratios e.g., low debt-to-equity.
   • Mechanism: Purchase shares directly through a brokerage.
   • Pros: Ownership in real businesses, potential for capital gains and dividends, participation in the real economy, widely accessible.
   • Cons: Requires due diligence to ensure Sharia compliance, market fluctuations, company performance risk.
   • Why it’s better: Focuses on equity in legitimate businesses, avoiding Riba and Gharar.
   • Where to find: Many conventional brokerages offer access to stock markets. Specialized Islamic financial advisors or Sharia-compliant screening services can help identify suitable stocks.

2. Halal Equity Funds ETFs and Mutual Funds Wrlife.net Review

   • Key Features: Professionally managed funds that invest in a diversified portfolio of Sharia-compliant stocks. These funds are screened by Sharia advisory boards.
   • Mechanism: Invest in units of the fund, which then invests in underlying stocks.
   • Pros: Diversification, professional management, convenience, aligns with ethical principles, lower risk than individual stock picking.
   • Cons: Management fees, limited universe of available funds, performance may vary.
   • Why it’s better: Offers diversification and professional management while adhering to Sharia. Avoids Riba and Gharar through strict screening.
   • Where to find: Look for ETFs or mutual funds explicitly marketed as “Islamic” or “Sharia-compliant” from asset management firms. Examples include Wahed Invest often offering various Sharia-compliant portfolios or specific halal ETFs listed on exchanges.

3. Sukuk Islamic Bonds

   • Key Features: Sharia-compliant financial certificates often referred to as “Islamic bonds.” Unlike conventional bonds that pay interest, Sukuk represent ownership in a tangible asset or a business venture, and returns are generated from the profits of that asset or venture, or through rental income.
   • Mechanism: Purchase units of Sukuk, which are often traded on exchanges.
   • Pros: Income generation, asset-backed, lower risk than equity, helps finance real economic projects.
   • Cons: Less liquidity than conventional bonds, limited availability compared to conventional bonds, returns tied to underlying asset performance.
   • Why it’s better: Complies with Riba prohibition by avoiding interest and instead generating returns from asset ownership or legitimate profit-sharing.
   • Where to find: Primarily offered by specialized Islamic financial institutions or through specific bond markets. Some conventional brokerages may offer access to global Sukuk markets.

4. Real Estate Investment Direct or Crowdfunding

   • Key Features: Direct ownership of properties residential, commercial or participation in real estate ventures through Sharia-compliant crowdfunding platforms. Income is generated from rent or capital appreciation.
   • Mechanism: Direct purchase, or through platforms like Funding Circle ensure ethical project screening or Yieldstreet invest in real estate-backed notes, ensuring no interest element.
   • Pros: Tangible asset, stable income potential, hedge against inflation, long-term wealth building.
   • Cons: Illiquidity, high capital requirement for direct ownership, market fluctuations, maintenance costs.
   • Why it’s better: Involves ownership of tangible assets, generating legitimate income rent or profit from sale, avoiding Riba and excessive Gharar.
   • Where to find: Local real estate agents, Sharia-compliant real estate crowdfunding platforms, or direct property development projects.

5. Commodities Physical Gold & Silver

   • Key Features: Investing in physical gold or silver bullion coins or bars. These are tangible assets recognized globally as stores of value.
   • Mechanism: Purchase physical metal from reputable dealers. Ensure immediate possession or a clear, legally binding title to a specific, identifiable quantity of metal held in a vault.
   • Pros: Inflation hedge, store of value, tangible asset, no counterparty risk if held physically.
   • Cons: No income generation, storage costs, price volatility, liquidity can be an issue for large quantities.
   • Why it’s better: Involves ownership of a tangible asset, avoiding Gharar if specific metal is owned and Riba. This differs from commodity CFDs, which are speculative and not asset-backed.
   • Where to find: Reputable bullion dealers like APMEX or JM Bullion.

6. Ethical Small Business & Venture Capital Direct Investment or Funds

   • Key Features: Investing directly in ethical small businesses or startups that align with Sharia principles e.g., food production, sustainable technology, education. This can be through direct equity partnerships or specialized venture capital funds.
   • Mechanism: Direct equity participation, or through crowdfunding platforms that specifically vet ethical businesses e.g., WeFunder – ensure project screening.
   • Pros: Supports real economic growth, potential for high returns, direct impact, truly partnership-based.
   • Cons: High risk especially for startups, illiquidity, requires significant due diligence.
   • Why it’s better: Directly contributes to and shares in the profits/losses of productive, legitimate businesses, embodying the spirit of Mudarabah profit-sharing partnership or Musharakah joint venture in Islamic finance.
   • Where to find: Local entrepreneur networks, specialized ethical investment groups, or Sharia-compliant crowdfunding platforms.

7. Agricultural Land or Farm Investments Tidepick.com Review

   • Key Features: Investing in agricultural land for farming, or participating in ventures that manage farms and produce crops. This is a direct investment in the real economy and food production.
   • Mechanism: Direct purchase of land, or through specialized agricultural investment platforms or funds e.g., AcreTrader – ensure the underlying structure is ethical.
   • Pros: Tangible asset, potential for stable returns from produce, hedge against inflation, contributes to food security.
   • Cons: Illiquidity, subject to weather and market price fluctuations, requires expertise in agriculture or reliance on managers.
   • Why it’s better: Direct involvement in productive economic activity farming based on tangible assets, generating legitimate profits from real goods.
   • Where to find: Agricultural real estate brokers, specialized farmland investment platforms.

These alternatives focus on genuine asset ownership, profit-sharing, and investments that contribute to the real economy, thereby avoiding the speculative and interest-based practices prevalent in platforms like Trade.com.

Trade.com Pricing

Based on the Trade.com website, specific, explicit pricing details such as account minimums for opening an account or detailed commission structures are not immediately prominent on the main homepage.

However, the site does mention a “Charges and Fees” section under its “Resources” menu, indicating that detailed pricing information is available.

This is crucial as trading platforms typically have various fees that can significantly impact profitability, especially in leveraged trading.

Typical fees associated with platforms like Trade.com, which offer CFDs and leveraged trading, usually include: Dentedentalstudio.com Review

• Spreads: This is the difference between the bid buy and ask sell price of an asset. It’s how the broker makes money on each trade. Trade.com mentions “Spread from 0.3 pip,” which is a competitive starting point, but can widen based on market volatility and asset type.
• Commissions: While CFDs are often marketed as commission-free, some brokers do charge commissions, particularly on shares or ETFs. The website doesn’t explicitly state whether commissions apply to its CFD or Share offerings on the homepage.
• Overnight Financing Fees Swap/Rollover Fees: This is a critical fee for CFD trading. If a leveraged position is held open overnight, a daily interest charge or credit, though credits are rare for retail traders is applied. This constitutes Riba interest and is a primary reason why such trading is impermissible in Islamic finance. These fees vary based on the asset, leverage, and prevailing interest rates.
• Inactivity Fees: Many brokers charge a fee if an account remains dormant for a certain period e.g., 3-6 months without any trading activity.
• Withdrawal Fees: Fees may apply for withdrawing funds, especially for certain payment methods or international transfers.
• Currency Conversion Fees: If you trade assets denominated in a currency different from your account’s base currency, a conversion fee might be charged.

The lack of immediate transparency on all fees directly on the main page means a potential user would need to navigate to the “Charges and Fees” section to understand the full cost structure.

For ethically conscious individuals, understanding the presence and calculation of overnight financing fees is paramount, as these directly relate to the Riba prohibition.

The mention of “Spread from 0.3 pip” suggests a variable pricing model, which is standard in the CFD market, but emphasizes that the actual cost of trading will depend on market conditions and the specific asset traded.

Trade.com vs. Ethical Investment Platforms

When comparing Trade.com with ethical investment platforms, the distinction isn’t merely about features or pricing.

It’s fundamentally about the underlying philosophy and adherence to ethical principles, particularly those derived from Islamic finance. Zadarma.com Review

Trade.com, as a conventional multi-asset broker specializing in CFDs and leveraged trading, stands in stark contrast to platforms designed for ethical, Sharia-compliant investments.

Trade.com Conventional Trading Platform

• Focus: Facilitating speculative trading on price movements of various assets through CFDs, shares, ETFs, and IPOs. Heavy emphasis on leverage and short-term gains.
• Financial Instruments:
  • CFDs: Leveraged instruments where you don’t own the underlying asset. Involve Riba overnight financing fees and Gharar excessive speculation.
  • Spread Betting: Explicitly a form of Qimar gambling.
  • Shares/ETFs often via CFDs: While owning shares can be permissible, Trade.com often promotes accessing these via CFDs, reintroducing Riba and Gharar.
• Risk Profile: Very high due to leverage and speculative nature. High probability of capital loss, as evidenced by industry statistics e.g., FCA data showing high retail client losses in CFDs.
• Ethical Compliance: Largely non-compliant with Islamic finance principles due to Riba, Gharar, and Qimar. The core business model often involves elements forbidden in Islam.
• Transparency: While regulated, key details like full fee structures especially hidden ones like overnight fees require deep digging. The “Challenges” feature operates unregulated.
• Contribution to Real Economy: Minimal direct contribution to real economic growth. Focus is on financial market speculation.

Ethical Investment Platforms e.g., Wahed Invest, Islamicly-screened brokerages

• Focus: Providing Sharia-compliant investment opportunities that adhere to ethical principles. Emphasis on real asset ownership, profit-sharing, and long-term wealth building.
  • Halal Stocks: Investment in companies whose primary business activities are permissible e.g., tech, healthcare, consumer goods, real estate and meet specific financial screening criteria low debt, no interest-based income.
  • Sukuk: Asset-backed Islamic bonds that generate returns from legitimate profit-sharing or rental income, not interest.
  • Halal ETFs/Mutual Funds: Diversified portfolios of Sharia-compliant stocks and Sukuk, screened by Sharia scholars.
  • Gold/Silver: Physical bullion ownership as a store of value.
  • Real Estate/Agriculture: Direct or crowdfunded investments in tangible, productive assets.
• Risk Profile: Varies depending on the asset class e.g., stocks are riskier than Sukuk, but generally avoids the amplified risks of leverage and pure speculation. Focus is on sustainable growth.
• Ethical Compliance: Designed to be fully compliant with Islamic finance principles, avoiding Riba, Gharar, and Qimar. Investments are vetted by Sharia advisory boards.
• Transparency: High transparency on asset screening criteria and fee structures.
• Contribution to Real Economy: Directly contributes to the growth of legitimate businesses and tangible assets, fostering economic development.

Key Differences in a Nutshell:

Feature	Trade.com Conventional Trading	Ethical Investment Platforms e.g., Halal Investing
Core Principle	Speculation, leverage, short-term profit	Real asset ownership, profit/loss sharing, ethical contribution, long-term growth
Riba Interest	Present overnight financing for CFDs	Strictly avoided
Gharar Speculation	High CFDs, spread betting	Minimized or avoided focus on clear transactions and asset ownership
Qimar Gambling	Present spread betting	Strictly avoided
Asset Ownership	No for CFDs. derivatives on underlying assets	Yes for stocks, Sukuk, real estate, physical commodities
Regulatory Scope	Regulated for some services. unregulated for “Challenges”	Regulated for conventional aspects. Sharia-compliant for ethical adherence
Economic Impact	Primarily financial market activity	Direct contribution to real industries and tangible assets

Ultimately, for individuals seeking to align their financial activities with ethical and Islamic principles, platforms like Trade.com are unsuitable due to their fundamental reliance on financial instruments that are prohibited.

Ethical investment platforms offer a viable and responsible pathway to wealth creation that respects faith-based guidelines.

How to Cancel Trade.com Subscription

Given that Trade.com is a brokerage platform rather than a subscription service in the typical sense like a streaming service or magazine, there isn’t a “subscription” to cancel in the traditional meaning.

Instead, you would be looking to close your trading account. Tenthrevolution.com Review

Closing an account involves a specific process, often including withdrawing all funds and fulfilling any outstanding obligations.

Based on general practices for financial brokers and information commonly found in their terms of service, the process to close a Trade.com account would likely involve these steps:

1. Withdraw All Funds: Before initiating an account closure, ensure you have withdrawn all your available funds from your trading account. Navigate to the “Payment Methods” or “Deposit/Withdrawal” section within your client portal. There might be minimum withdrawal amounts or specific payment methods available. Be aware of any pending trades or open positions, which must be closed before withdrawal.
2. Close All Open Positions: If you have any active CFD, share, or other trading positions, you must close them. Holding open positions will prevent you from withdrawing all your funds and ultimately closing the account.
3. Contact Customer Support: The most direct and recommended way to close your account is to contact Trade.com’s customer support. Look for their “Contact Us” section, which typically provides options like:
   • Email: Send a formal email requesting account closure. Include your account number and personal details for verification.
   • Live Chat: Many platforms offer live chat support, which can be quicker for initial inquiries.
   • Phone: Directly calling their support line might be the fastest way to get instructions and confirm the process.
4. Formal Request if required: Some brokers may require a written, signed request for account closure, especially if there are complexities. Customer support will guide you on any specific forms or procedures.
5. Confirm Account Closure: After submitting your request, follow up to ensure the account has been officially closed. You might receive a confirmation email. It’s advisable to keep records of all communications.

Important Considerations:

• Zero Balance: Ensure your account balance is truly zero before requesting closure. This includes any pending bonuses or credits that might be tied to terms and conditions.
• Outstanding Charges: Check for any outstanding fees or charges that might be debited from your account before it can be closed.
• Data Retention: Be aware that regulated financial institutions are typically required to retain client data for several years, even after an account is closed, for compliance purposes.
• No “Subscription” Fees but Inactivity Fees: While there isn’t a monthly “subscription” fee, be mindful of potential inactivity fees that could be charged if your account remains dormant but not formally closed. Closing the account prevents these from accruing.

The emphasis here is on responsible disengagement from a platform whose primary offerings are ethically problematic.

By closing the account, you are taking a concrete step towards disassociating from practices involving Riba and excessive speculation. Worldofwallpaper.com Review

How to Cancel Trade.com Free Trial

The term “free trial” is not directly applicable to Trade.com in the way it might be for a software or entertainment service.

Brokerage platforms generally do not offer “free trials” of their trading services for real money trading, as this involves live markets and real capital.

However, the Trade.com website does mention “Challenges” which are “simulated trading services and educational tools” provided by an “unregulated” entity, TPlus Technologies Limited.

This “Challenges” feature might be perceived by some as a type of free trial or a gateway to understanding their platform without immediate financial risk.

If this “Challenges” feature involves any form of registration or access that a user wishes to discontinue, here’s how one might “cancel” it: Carvolution.com Review

1. Understand the “Challenges” Account: Recognize that the “Challenges” are explicitly stated as “simulated” and “unregulated.” This means they are not linked to your live trading account with Trade Capital Markets TCM, the regulated entity.
2. Look for Account Settings within Challenges: If you registered for the “Challenges” separately as implied by the redirect to “challenges.trade.com”, log into that specific “Challenges” portal. Look for “Account Settings,” “Profile,” or “Dashboard” options. There might be an option to deactivate or delete your simulated account.
3. Contact TPlus Technologies Support if separate: Since TPlus Technologies Limited is the entity providing the simulated services, if there’s no direct “delete account” option within the Challenges portal, you would need to find contact information specifically for TPlus Technologies Limited. This might be different from the main Trade.com customer support. Look for a “Contact Us” section within the Challenges platform or associated documentation.
4. Clear Browser Data: If the “Challenges” access was primarily web-based and involved minimal registration e.g., just an email, clearing your browser’s cookies and site data for trade.com and challenges.trade.com might effectively remove any persistent login or session information. This is a less formal “cancellation” but removes your digital footprint for that specific feature.
5. No Financial Obligation: Since the “Challenges” are simulated, there should be no financial obligations or recurring charges associated with them. Therefore, a “cancellation” primarily relates to stopping access or removing your profile from their simulated environment, not preventing financial deductions.

Crucial Clarification: It’s important to differentiate between this “simulated challenges” feature and a real trading account. If you opened a real trading account with Trade.com the regulated brokerage, the process for closing that account is as described in the “How to Cancel Trade.com Subscription” section above i.e., withdrawing funds, closing positions, and contacting customer support. The “Challenges” are distinct and do not typically incur real financial liabilities.

For those adhering to Islamic principles, even simulated trading can be a slippery slope if it normalizes speculative practices that are impermissible in real-world finance.

It’s advisable to avoid engaging with platforms that promote such activities, even in a simulated environment, if the ultimate goal is to lead users into problematic financial instruments.

FAQ

What is Trade.com?

Trade.com is an online trading platform that offers access to various financial markets and instruments, including CFDs Contracts for Difference, Shares, ETFs, and IPOs, aimed at both novice and experienced traders globally.

Is Trade.com regulated?

Yes, Trade.com claims to be regulated by multiple prominent authorities worldwide, including CySEC Cyprus Securities and Exchange Commission, UK FCA Financial Conduct Authority, Spain CNMV, South Africa FSCA, FINRA Financial Industry Regulatory Authority in the US, Italy Consob, and Mauritius FSC. However, their “Challenges” feature explicitly states it is provided by an unregulated entity, TPlus Technologies Limited. Streamingvideoprovider.com Review

What are CFDs offered by Trade.com?

CFDs Contracts for Difference are leveraged financial instruments offered by Trade.com that allow traders to speculate on the price movements of underlying assets like stocks, commodities, indices, forex without actually owning the assets.

Are CFDs permissible in Islam?

No, CFDs are generally not permissible in Islam.

They involve elements of Riba interest, through overnight financing charges and Gharar excessive speculation and uncertainty, both of which are prohibited in Islamic finance.

Does Trade.com offer spread betting?

Yes, Trade.com explicitly mentions offering Spread Betting as one of its instruments, highlighting “tax-free gains” in some jurisdictions.

Is spread betting permissible in Islam?

No, spread betting is not permissible in Islam. Explore-namibia.com Review

It is considered a form of Qimar gambling because it involves staking money on an uncertain outcome with the hope of gain, without a productive economic contribution.

What are the “Challenges” on Trade.com?

The “Challenges” on Trade.com are described as simulated trading services and educational tools offered by TPlus Technologies Limited, an entity explicitly stated as “not regulated.” They are designed to provide a practice environment for trading strategies.

Is the “Challenges” feature regulated?

No, the website clearly states that the services provided by TPlus Technologies Limited for the “Challenges” are “not regulated.”

What kind of assets can I trade on Trade.com?

Trade.com offers trading on over 2,100+ instruments, including CFDs on shares, ETFs, indices, commodities, forex, and potentially cryptocurrencies, along with direct shares and IPO access.

What trading platforms does Trade.com support?

Trade.com supports several trading platforms, including MetaTrader 5, their proprietary WebTrader, and a MacOS compatible platform. Foliage-factory.com Review

How do I open an account with Trade.com?

To open an account with Trade.com, you would typically navigate to the “Open Account” or “Create Account” button on their website and follow the registration process, which usually involves providing personal information and completing verification steps.

Are there any fees associated with Trade.com?

Yes, like most brokers, Trade.com charges fees.

While not explicitly detailed on the homepage, these typically include spreads difference between buy/sell price, overnight financing fees for CFDs, which are interest-based, and potentially inactivity or withdrawal fees.

A “Charges and Fees” section is available under their Resources menu.

Why is leveraged trading discouraged in Islamic finance?

Leveraged trading is discouraged because it often involves interest-based borrowing Riba to amplify positions, and it can lead to excessive speculation Gharar due to the amplified risk and focus on short-term price movements rather than real asset ownership or productive investment. Steamdreamsaunas.com Review

What are better alternatives to Trade.com for ethical investing?

Better alternatives include investing in Halal stock funds, Sukuk Islamic bonds, direct physical commodities like gold and silver, ethical real estate investments, and Sharia-compliant small business or venture capital funds.

How do I close my Trade.com trading account?

To close your Trade.com account, you typically need to withdraw all your funds, close any open trading positions, and then formally contact their customer support via email, live chat, or phone to request account closure.

What is the minimum spread offered by Trade.com?

Trade.com states that spreads are “from 0.3 pip,” indicating a competitive starting point for their pricing, though actual spreads can vary based on market conditions and asset liquidity.

Does Trade.com offer a PAMM account?

Yes, Trade.com offers PAMM Percentage Allocation Management Module accounts, allowing investors to allocate funds to professional money managers, or for managers to manage pooled funds.

Is PAMM permissible in Islam?

PAMM accounts, if structured as conventional investment management with interest-based underlying trades or fixed management fees regardless of performance, may not be permissible.

For a PAMM to be permissible, the underlying investments must be Sharia-compliant, and the profit/loss sharing mechanism must be ethical e.g., Mudarabah or Musharakah based.

What educational resources does Trade.com provide?

Trade.com offers a “Strategy Hub” with tools and strategy articles, along with resources like an Economic Calendar, CFD Expiration Dates, Trading View, and Trading Central to enhance the trading experience.

Can I access Trade.com in different languages?

Yes, the Trade.com website supports multiple languages, including English, Spanish, Portuguese, Arabic, Kurdish, Ukrainian, and Hindi.